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Seen Gold Mines Inc. (TSXV: VGD,OTC:VGMIF) and ( Frankfurt : 3V4) is happy to supply a company replace highlighting current transactions and offers an replace on the exploration plans for 2025.
CORPORATE UPDATE
Gross sales of properties
In consideration for the sale of exploration tasks to Fokus Mining Company, the Firm acquired an preliminary money cost of $750,000 and 10,000,000 shares of the Firm valued at $1,750,000 . The second money cost of $750,000 is predicted no later than December 3, 2025 .
Web site refresh
The Firm’s web site www.visiblegoldmines.com is briefly offline to precisely replicate current transactions and spotlight the Firm’s gold tasks within the Chapais / Chibougamau space. The brand new web site shall be energetic earlier than the tip of October 2025 .
Insider transaction
Martin Dallaire , CEO, lately bought shares of Seen Gold Mines available on the market. He now owns 5,304,500 shares at a median value paid of $0.124 , representing an funding of $658,509.70 in Seen Gold Mines. He bought 1,800,000 shares immediately and three,504,500 shares not directly by way of his administration firm 9086-0735 Québec Inc. This represents roughly 14.28% of the issued and excellent shares on a non-diluted foundation and 18.98% on {a partially} absolutely diluted foundation. Seen Gold Mines has 37,155,164 widespread shares excellent.
Advertising and marketing
Advertising and marketing efforts shall be initiated instantly to advertise the Firm’s gold tasks and its enviable company construction to traders. There may be really a robust curiosity within the junior gold exploration sector because of file excessive gold and geopolitical uncertainty and Seen Gold Mines undoubtedly needs to be an vital participant and exhibit management.
EXPLORATION UPDATES
Gold tasks
Horsefly property
The Horsefly challenge is situated 19 kilometers west of Iamgold Company’s Nelligan challenge within the Chapais Chibougamau space. The gold exhibiting on the Horsefly challenge, known as the “Barrette Street Gold Displaying,” shares a number of similarities with the Nelligan gold exhibiting, which was initially discovered on Iamgold’s present Nelligan deposit. A prospecting and sampling program is deliberate for the challenge within the coming weeks, adopted by a drilling program. Traditionally, the Horsefly challenge has by no means been drilled. This challenge shall be our flagship challenge.
Veronik property
The Veronik gold property is situated 75 kilometers southeast of Hecla’s Casa Berardi gold mine. The Veronik property is underlain by the mafic volcanic rocks (basalt, andesite) and gabbro of the Clermont-Disson Formation, within the japanese a part of the Archean Abitibi belt. A prospecting program is deliberate for fall 2025 on this challenge.
Lithium tasks
MegaLi (JamesBay)
Up to now, the optionor SPOD Lithium has paid Seen Gold Mines $175,000 , issued 2,375,000 SPOD shares and has carried out work on the property (78 mining titles) totaling $1,141,085 . To finish its possibility and purchase 50% of the MegaLi challenge, SPOD should, earlier than December 31, 2025 , make a ultimate cost to Seen Gold Mines of $150,000 , difficulty 1,375,000 SPOD shares and spend $1,000,000 on work on the property. Lately, SPOD administration has verbally knowledgeable us that it will be unable to satisfy its obligations given the troublesome financing circumstances within the lithium sector and can possible return the challenge to Seen Gold Mines.
CarLi & NataLi (JamesBay)
The CarLi challenge was deserted on September 21, 2025 because of inadequate exploration work on the property and the NataLi challenge will even be deserted on December 9, 2025 for a similar causes.
Certified Individual
Jeannot Theberge , PGeo, senior geologist, and a advisor to Seen Gold Mines, is the certified individual for Seen Gold Mines’ properties beneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives , answerable for the technical contents of this information launch, and has accredited the disclosure of the technical data contained herein.
Ahead-Trying Statements
This information launch comprises statements which will represent “forward-looking data” inside the which means of relevant Canadian securities laws. Ahead-looking data could embody, amongst others, statements relating to the longer term plans, prices, goals or efficiency of the Company, or the assumptions underlying any of the foregoing. On this information launch, phrases reminiscent of “could”, “would”, “may”, “will”, “possible”, “imagine”, “anticipate”, “anticipate”, “intend”, “plan”, “estimate” and comparable phrases and the adverse kind thereof are used to establish forward-looking statements. Ahead-looking statements shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not, or the instances at or by which, such future efficiency shall be achieved. No assurance may be on condition that any occasions anticipated by the forward-looking data will transpire or happen. Ahead-looking data relies on data obtainable on the time and/or administration’s good-faith perception with respect to future occasions and are topic to recognized or unknown dangers, uncertainties, assumptions and different unpredictable components, a lot of that are past the Company’s management. These dangers, uncertainties and assumptions embody, however will not be restricted to the dangers, uncertainties and assumptions described beneath “Monetary danger administration goals and insurance policies” and “Threat and Uncertainties” within the Company’s Annual Report for the fiscal yr ended July 31, 2024 , a duplicate of which is accessible on SEDAR+ at www.sedarplus.ca , and will trigger precise occasions or outcomes to vary materially from these projected in any forward-looking statements. The Company doesn’t intend, nor does it undertake any obligation, to replace or revise any forward-looking data contained on this information launch to replicate subsequent data, occasions or circumstances or in any other case, besides if required by relevant legal guidelines.
About Seen Gold Mines Inc.
Seen Gold Mines is a company centered on gold within the prolific Abitibi Gold Belt and the James Bay area within the province of Quebec . Seen Gold Mines has 37,155,164 widespread shares excellent.
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of the discharge.
Web site: www.visiblegoldmines.com
SOURCE Seen Gold Mines Inc.
View unique content material: http://www.newswire.ca/en/releases/archive/October2025/08/c8082.html
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